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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (10397)	6/23/1998 8:46:00 PM
From: FuzzFace	Read Replies (3) \| Respond to of 13594

Whoever the major broker was, he apparently wasn't paying attention last week. As we all know, AOL ran out of money so they merely turned on the printing press, printed 10 million new shares, et viola! got a cool $1B cash infusion in the old bank account. Using normal AOL accounting procedures, this is not dilution, or even a one time gain, but is actual earnings spread over the next year, so that AOL's P/E is now below 30. Thus AOL is actually very cheaply valued, and since they can do this any time they want (use the stock for money, call it earnings, and keep going up) soon it will be the lowest priced value stock in existence, with a market cap of $1 trillion and a P/E of 1.